Benchmark Electronics, Inc., together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced manufacturing services in the Americas, Asia, and Europe.
Excellent balance sheet with moderate growth potential.
Share Price & News
How has Benchmark Electronics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BHE's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BHE matched the US Electronic industry which returned 0.5% over the past year.
Return vs Market: BHE underperformed the US Market which returned 10.2% over the past year.
Price Volatility Vs. Market
How volatile is Benchmark Electronics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs Benchmark Electronics (NYSE:BHE) Using Too Much Debt?
2 weeks ago | Simply Wall StShould You Worry About Benchmark Electronics, Inc.’s (NYSE:BHE) ROCE?
3 weeks ago | Simply Wall StInvestors Who Bought Benchmark Electronics (NYSE:BHE) Shares Five Years Ago Are Now Up 43%
Is Benchmark Electronics undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BHE ($27.52) is trading above our estimate of fair value ($20.43)
Significantly Below Fair Value: BHE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BHE is poor value based on its PE Ratio (45x) compared to the Electronic industry average (18.3x).
PE vs Market: BHE is poor value based on its PE Ratio (45x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: BHE is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: BHE is good value based on its PB Ratio (1x) compared to the US Electronic industry average (1.9x).
How is Benchmark Electronics forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BHE's forecast earnings growth (41.4% per year) is above the savings rate (1.7%).
Earnings vs Market: BHE's earnings (41.4% per year) are forecast to grow faster than the US market (13.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BHE's revenue (4.2% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: BHE's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BHE's Return on Equity is forecast to be low in 3 years time (7.7%).
How has Benchmark Electronics performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BHE has a large one-off loss of $29.1M impacting its December 31 2019 financial results.
Growing Profit Margin: BHE's current net profit margins (1%) are higher than last year (0.9%).
Past Earnings Growth Analysis
Earnings Trend: BHE's earnings have declined by -27.9% per year over the past 5 years.
Accelerating Growth: BHE's earnings growth over the past year (2.7%) exceeds its 5-year average (-27.9% per year).
Earnings vs Industry: BHE earnings growth over the past year (2.7%) underperformed the Electronic industry 12%.
Return on Equity
High ROE: BHE's Return on Equity (2.3%) is considered low.
How is Benchmark Electronics's financial position?
Financial Position Analysis
Short Term Liabilities: BHE's short term assets ($1.2B) exceed its short term liabilities ($459.2M).
Long Term Liabilities: BHE's short term assets ($1.2B) exceed its long term liabilities ($285.8M).
Debt to Equity History and Analysis
Debt Level: BHE's debt to equity ratio (13.3%) is considered satisfactory.
Reducing Debt: BHE's debt to equity ratio has increased from 0% to 13.3% over the past 5 years.
Debt Coverage: BHE's debt is well covered by operating cash flow (69%).
Interest Coverage: BHE's interest payments on its debt are well covered by EBIT (20.3x coverage).
Inventory Level: BHE has a high level of physical assets or inventory.
Debt Coverage by Assets: BHE's debt is covered by short term assets (assets are 8.8x debt).
What is Benchmark Electronics's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BHE's dividend (2.33%) is higher than the bottom 25% of dividend payers in the US market (1.53%).
High Dividend: BHE's dividend (2.33%) is low compared to the top 25% of dividend payers in the US market (3.96%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BHE has been paying a dividend for less than 10 years.
Growing Dividend: BHE's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (98.2%), BHE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Benck (54yo)
Mr. Jeffrey W. Benck, also known as Jeff, has been the President, CEO and Director of Benchmark Electronics, Inc since March 18, 2019. He had been the Chief Executive Officer and President of Lantronix, In ...
|Executive VP & CFO||2.1yrs||US$1.60m||0.029% $298.8k|
|Executive Vice President of Global Operations||2.6yrs||US$959.18k||0.022% $222.3k|
|Chief Technology Officer||2.1yrs||US$1.09m||0.037% $373.4k|
|Vice President of Strategy & Investor Relations||8.1yrs||US$958.74k||0.018% $183.8k|
|President||0.9yrs||no data||no data|
|VP of Business Process Improvement & Chief Information Officer||2.4yrs||no data||0.016% $165.7k|
|VP, Corporate Secretary & General Counsel||1.5yrs||no data||0.010% $102.6k|
|Chief Human Resources Officer||0.6yrs||no data||no data|
|Chief Revenue Officer||0.6yrs||no data||no data|
Experienced Management: BHE's management team is considered experienced (2.1 years average tenure).
|President||0.9yrs||no data||no data|
|Independent Director||1.8yrs||US$174.42k||0.011% $112.2k|
|Independent Chairman of the Board||3.9yrs||US$307.98k||0.12% $1.2m|
|Independent Director||13.8yrs||US$240.48k||0.046% $466.9k|
|Independent Director||6.7yrs||US$247.98k||0.083% $838.3k|
|Independent Director||0.2yrs||no data||no data|
|Independent Director||3.8yrs||US$231.73k||0.036% $362.5k|
|Independent Director||3.8yrs||US$227.98k||0.12% $1.3m|
|Independent Director||2.6yrs||US$227.98k||0.025% $253.0k|
Experienced Board: BHE's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Benchmark Electronics, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Benchmark Electronics, Inc.
- Ticker: BHE
- Exchange: NYSE
- Founded: 1979
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: US$1.016b
- Shares outstanding: 36.92m
- Website: https://www.bench.com
Number of Employees
- Benchmark Electronics, Inc.
- 56 South Rockford Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BHE||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Jun 1990|
|BMU||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jun 1990|
|BMU||BRSE (Berne Stock Exchange)||Yes||Common Shares||CH||CHF||Jun 1990|
Benchmark Electronics, Inc., together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced manufacturing services in the Americas, Asia, and Europe. The company offers engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing, and automation equipment design and build services. It also provides electronics manufacturing and testing services, such as printed circuit board assembly and test solutions, assembly of subsystems, circuitry and functionality testing of printed assemblies, environmental and stress testing, and component reliability testing; component engineering services; manufacturing defect analysis, in-circuit testing, functional testing, flexible test solutions, environmental stress tests of assemblies of boards or systems; and failure analysis. In addition, the company offers precision machining and electromechanical assembly services; and subsystem and system integration services, including assembly, configuration, and testing services for various industries. Further, it provides value-added support systems; supply chain management solutions; direct order fulfillment; and aftermarket non-warranty services, including repair, replacement, refurbishment, remanufacturing, exchange, systems upgrade, and spare parts manufacturing throughout a product’s life cycle. The company serves original equipment manufacturers in the aerospace and defense, medical technologies, complex industrials, test and instrumentation, telecommunications, and high-end computing industries. Benchmark Electronics, Inc. sells its products primarily through direct sales force. The company was formerly known as Electronics, Inc. Benchmark Electronics, Inc. was founded in 1979 and is headquartered in Tempe, Arizona.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 00:10|
|End of Day Share Price||2020/02/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.